By the end of the course the students will be able to
- make sense of rationality/bounded rationality, dual-system approach (intuitive vs. reflective thinking), social judgment theory and probabilistic mental models
- make sense of heuristics and biases
- make sense of and interpret prospect theory
- make sense of perception of risk
- make sense of group decision making theories
- learn and recall many different experimental designs/setups and their limitations in the literature
- interpret and criticize the results obtained from experimental & behavioral work in the literature
- access the relevant websites to find recent literature on the internet
- conduct keyword search and filter the results to find recent studies
- participate in team-work to prepare a group presentation to elaborate the basic concepts and theories learnt in the lecture with examples from recent literature
- effectively communicate this team-work to other classmates via oral presentation in English